One service that is particularly valued by clients is the publications we produce in different languages: clear, understandable articles and reports, and in-depth guides to specific legislation. Please find here our latest Lenz & Staehelin newsletters:
Draft amendment of FINMA circular “Public deposits with non-banks”
Please find enclosed our latest NewsFlash in relation to the amendment by FINMA, on September 1, 2017, of its circular "Public deposits with non-banks".
A consultation procedure is open until October 16, 2017. The amendment of the circular follows the entry into force on August 1, 2017 of the modification of the Banking Ordinance (“BO”) relating to financial technology (“FinTech”).